| Reliance Mutual Fund is believed to have bid for 15 lakh shares, 30 per cent of the open offer, while the various schemes of Tata Mutual Fund have put in applications for 10 lakh shares. The open offer of 50 lakh shares keeps five lakh shares reserved for the company's employees. |
| The list of other qualified institutional investors (QIBs) include Fidelity, Pricipal, Templeton, SBI Mutual Fund, DSP Myrill Lynch and Sundaram. A foreign institutional investor, UBS, is also believed to be among those who participated in the offer. |
| UBS has assets under management (AUM) of nearly CHF 570 billion, having operations in 21 countries. Its main offices are in London, Chicago, New York, Tokyo and Zurich. |
| Of a total employment of 2,600, it has investment professionals of over 500. |
| The 100 per cent book built issue, which will close on Thursday. was 14.5 times subscribed till today evening. It has a price band of Rs 60-70 a share against the face value of Rs 2. |
| The company plans to invest a portion of the offer proceeds for expansion and and acquisitions. The balance will be utilised for regular capital expenditure. |
| The book running lead managers to the issue are ICICI Securities and Anand Rathi Securities. Datamatics Financial Software & Services is the registrar to the issue. |
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